6 hours on Rocket
$10,000 Closing Credit¹
#202502713, Suzanne Archuleta, Listing office: Keller Williams Realty
Santa Fe South Housing Market Report May 2025•Santa Fe County, New Mexico
Housing Prices in Santa Fe South, NM
How much do homes in Santa Fe South, NM cost?
Housing Market Conditions
Is Santa Fe South, NM a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Santa Fe South is a Neutral Market
Difference Since May 2024
At the same time last year, Santa Fe South was a Seller's Market.
Insight
Santa Fe South is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Median Sold Price
$690,000$342/SqFt
+$22,375
+3.4%
Based on all homes sold in the last 12 months
Insight
Homes in Santa Fe South have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Santa Fe South was $690,000 in May 2025, up 3.4% from last year, and the median price per square foot was $342.
Median Sold Price By Cities
| City | May 2024 | May 2025 | Change YoY |
|---|---|---|---|
| Santa Fe North | $665K | $845K | +27.1% |
| Santa Fe | $617.4K | $641.8K | +4.0% |
| Santa Fe South | $667.6K | $690K | +3.4% |
| Lamy | $925K | $950K | +2.7% |
Median Sold Price By Bedrooms
| Beds | May 2024 | May 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $341.2K | $384.5K | +12.7% |
| 22 Bedrooms | $523.7K | $516.7K | -1.3% |
| 33 Bedrooms | $665K | $697.3K | +4.9% |
| 44 Bedrooms | $797K | $848.5K | +6.5% |
| 55+ Bedrooms | $1.2M | $985K | -17.9% |
Summary: Santa Fe South housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes increased by +12.7%. The home price for 2 bedroom homes decreased by -1.3%. The home price for 3 bedroom homes increased by +4.9%. The home price for 4 bedroom homes increased by +6.5%. The home price for 5 bedroom homes decreased by -17.9%.
How does Santa Fe South, NM compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Santa Fe South, NM
Housing supply in Santa Fe South, NM
How many homes are available in Santa Fe South, NM?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 346Last MonthMay 2025 | ||
| 3192 months agoApr 2025 | +8.5 % Change MoMApr – May |
Summary: The Santa Fe South real estate market had 346 homes for sale in May 2025, a 8.5 % increase compared to Apr 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 53Last MonthMay 2025 | ||
| 622 months agoApr 2025 | -14.5 % Change MoMApr – May |
Homes For Sale By Bedroom Count
| Beds | Apr 2025 | May 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 6 | 7 | +16.7% |
| 22 Bedrooms | 35 | 35 | 0.0% |
| 33 Bedrooms | 183 | 199 | +8.7% |
| 44 Bedrooms | 74 | 81 | +9.5% |
| 55+ Bedrooms | 21 | 24 | +14.3% |
Summary: Santa Fe South housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +16.7%. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +8.7%. The inventory for 4 bedroom homes increased by +9.5%. The inventory for 5 bedroom homes increased by +14.3%.
Asking Price vs. Sold Price
How much do homes in Santa Fe South, NM cost?
Over Asking Price9 Homes
At Asking Price12 Homes
Under Asking Price32 Homes
Insight
If you're buying a home in Santa Fe South, you may be able to get a good deal. 60.4% of homes here sold below asking price last month.
Summary: A total of 53 homes were sold or pending in Santa Fe South in May 2025, down by 14.5% month-over-month. Of the 53 sold homes, 60% were sold under asking, 23% were sold at asking, and and 17% were sold over asking.
Days on Market for Santa Fe South, NM
How long does it take to sell a home in Santa Fe South, NM?
Breakdown of Home Sale Times
Under 30 Days35 Homes
30 – 90 Days13 Homes
Over 90 Days5 Homes
Insight
Many homes in Santa Fe South are selling fast, if you're buying plan to act quickly.
Summary: During May 2025, 53 homes were sold in Santa Fe South; 66% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 37 DaysThis YearMay 2025 | ||
| 38 Days1 year agoMay 2024 | -0.7 % Change YoYMay 2024 – May 2025 |
Summary: Homes in Santa Fe South had an average listing age of 37 days in May 2025, down by 0.7% compared to the previous year.
Connect With An Agent
Local real estate agents are ready to help you find a home here
Sell My Home
Sell your home with an expert or get the job done on your own.
Get Approved
Get a customizable mortgage solution based on today's rates.
Newest Listings in Santa Fe South, NM
What homes are available in Santa Fe South, NM?
Popular Cities with Homes for Sale in New Mexico
- Homes for sale in Albuquerque, NM
- Homes for sale in Anthony, NM
- Homes for sale in Belen, NM
- Homes for sale in Bernalillo, NM
- Homes for sale in Cerrillos, NM
- Homes for sale in Corrales, NM
- Homes for sale in Edgewood, NM
- Homes for sale in Espanola, NM
- Homes for sale in Los Lunas, NM
- Homes for sale in Moriarty, NM
- Homes for sale in Placitas, NM
- Homes for sale in Rio Rancho, NM
- Homes for sale in Sandia Park, NM
- Homes for sale in Santa Fe, NM
- Homes for sale in Tijeras, NM
MLS Disclaimers and Copyright
Based on information from Santa Fe MLS, and Southwest Multiple Listing Service for the period 06/01/2023 - 06/01/2025
The data relating to real estate for sale in this web site comes in part from the Internet Data exchange (“IDX”) program of Santa Fe Association of REALTORS® MLS, Inc. Real estate listings held by brokers other than this broker are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright © 2025 Santa Fe Association of REALTORS® All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/26/2025, 12:55:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Southwest Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2025 Southwest Multiple Listing Service. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/26/2025, 12:55:26 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.